10 Best Sustainability Stocks to Buy Now

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1. Nvidia Corp. (NASDAQ:NVDA)

Market Cap: $3.74 Trillion

Number of Hedge Fund Holders: 212

Nvidia Corp. (NASDAQ:NVDA) is one of the 10 best sustainability stocks to buy now. The company is an ‘enabler’ in the sustainability ecosystem as it enables sustainability through its core technology, supplying the computing power behind AI applications in climate science, energy efficiency, and low-emission transport systems (EVs, autonomous vehicles).

Nvidia has set its own targets for achieving carbon neutrality across its global operations. As part of this effort, the company recently reported that all its electricity use worldwide is either powered by or offset with renewable energy. Beyond its internal sustainability goals, Nvidia’s hardware and platforms play a crucial role in advancing analytics and automation, key tools for building more efficient, eco-friendly systems at scale. With every new product, the company is making strides in efficiency; for example, its Blackwell platform is 25 times more efficient for LLM inference compared to the Hopper generation.

Analyst opinions have been broadly positive on the company. For example, on July 1, Cantor Fitzgerald analyst C. J. Muse reaffirmed a Buy rating on Nvidia shares with an unchanged price target of $200. At around $165, the company should touch the mammoth, $4.0 trillion market capitalization. Interestingly, as the consensus 12-month median price target stands at around $175, with a high of $250, the market appears to be expecting a much higher value.

In a June 27 interview, Bloomberg Intelligence analyst Mandeep Singh was asked what should justify such a huge valuation. He said that most of the data points he tracks suggest that there is still good upside to current earnings estimates. Moreover, inferencing demand is expected to continue rising and is likely to support growth.

While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: Harvard University Stock Portfolio: Top 10 Stock Picks and 10 Best Tech Stocks to Buy According to Billionaires.

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